Question : On the _____________ account, receipts and repayments of long term loans by private individuals are __________________ transactions.
Option 1: Current, accommodating
Option 2: Current, autonomous
Option 3: Capital, accomodating
Option 4: Capital, autonomous
Answer (1)
16th Jan, 2024
Correct Answer:
Current, autonomous
Solution :
On the current account, receipts and repayments of long term loans by private individuals are autonomous transactions.
Hence, B is correct.
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